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Retail sales in Great Britain given lift as shoppers splash out
2025-04-27 12:45:03| Spiritual Career Counseling
Retail sales in Great Britain rose last month amid a sharp increase in consumers spending at department stores, hardware shops and clothes outlets.Reflecting a stronger economic backdrop than feared, figures from the Office for National Statistics (ONS) showed sales volumes rose by 1% on the month, although spending at supermarkets fell after a bumper month in January.City economists had forecast a 0.4% monthly fall amid weak levels of consumer confidence, after the economy came close to stagnation in the second half of last year as households tightened their belts.The figures will come as a boost for the chancellor, Rachel Reeves, after the governments independent economic forecaster slashed its growth forecasts for 2025 in half at the spring statement on Wednesday.The ONS also said on Friday that the UK economy grew by 0.1% in the final quarter of 2024, confirming its initial estimate made in February.However, it also revised up its growth estimates by 0.1 percentage points for each...
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